Oppenheimer Asset Management Inc. Purchases 79,830 Shares of LKQ Co. (NASDAQ:LKQ)

Oppenheimer Asset Management Inc. raised its holdings in shares of LKQ Co. (NASDAQ:LKQ) by 25.1% during the third quarter, Holdings Channel.com reports. The fund owned 398,312 shares of the auto parts company’s stock after buying an additional 79,830 shares during the period. Oppenheimer Asset Management Inc.’s holdings in LKQ were worth $15,901,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in LKQ. Catalyst Capital Advisors LLC bought a new position in shares of LKQ during the third quarter worth $25,000. Rothschild Investment LLC purchased a new stake in LKQ in the 2nd quarter worth $33,000. Allworth Financial LP boosted its holdings in shares of LKQ by 94.2% during the 3rd quarter. Allworth Financial LP now owns 1,010 shares of the auto parts company’s stock valued at $40,000 after purchasing an additional 490 shares during the last quarter. Bruce G. Allen Investments LLC grew its position in shares of LKQ by 33.5% during the third quarter. Bruce G. Allen Investments LLC now owns 1,151 shares of the auto parts company’s stock valued at $46,000 after purchasing an additional 289 shares in the last quarter. Finally, Banque Cantonale Vaudoise increased its holdings in shares of LKQ by 29.8% in the second quarter. Banque Cantonale Vaudoise now owns 1,211 shares of the auto parts company’s stock worth $50,000 after purchasing an additional 278 shares during the last quarter. 95.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Barrington Research reissued an “outperform” rating and set a $60.00 price target on shares of LKQ in a research note on Friday, October 25th. Stifel Nicolaus lowered their target price on LKQ from $53.00 to $47.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Roth Mkm restated a “buy” rating and issued a $59.00 price target on shares of LKQ in a research report on Thursday, September 12th. JPMorgan Chase & Co. increased their price objective on shares of LKQ from $54.00 to $55.00 and gave the company an “overweight” rating in a research report on Thursday, September 12th. Finally, Robert W. Baird dropped their price objective on shares of LKQ from $50.00 to $48.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, LKQ has an average rating of “Moderate Buy” and a consensus target price of $53.80.

LKQ Stock Performance

NASDAQ LKQ opened at $38.72 on Thursday. The business’s 50 day moving average price is $39.01 and its 200-day moving average price is $41.07. LKQ Co. has a fifty-two week low of $35.57 and a fifty-two week high of $53.68. The company has a market cap of $10.07 billion, a P/E ratio of 14.45 and a beta of 1.29. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.67 and a current ratio of 1.72.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings data on Thursday, October 24th. The auto parts company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.01. The business had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.65 billion. LKQ had a net margin of 4.90% and a return on equity of 15.15%. The business’s revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.86 earnings per share. Sell-side analysts predict that LKQ Co. will post 3.43 earnings per share for the current year.

LKQ Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.10%. The ex-dividend date of this dividend is Thursday, November 14th. LKQ’s payout ratio is currently 44.78%.

About LKQ

LKQ Corporation engages in the distribution of replacement parts, components, and systems used in the repair and maintenance of vehicles and specialty vehicle aftermarket products and accessories. It operates through four segments: Wholesale-North America, Europe, Specialty, and Self Service. The company distributes bumper covers, automotive body panels, and lights, as well as mechanical automotive parts and accessories; salvage products, including mechanical and collision parts comprising engines; transmissions; door assemblies; sheet metal products, such as trunk lids, fenders, and hoods; lights and bumper assemblies; scrap metal and other materials to metals recyclers; and brake pads, discs and sensors, clutches, steering and suspension products, filters, and oil and automotive fluids, as well as electrical products, including spark plugs and batteries.